British banks pledge £1.9 billion of higher-risk assets to BoE
A Reuters review of Bank of England filings shows British banks increasingly pledging higher-risk assets, including loans linked to high-interest store cards and vehicle leases, as collateral. On August 18, pledges totaled £1.9 billion.
By Naomi Rovnick, Lawrence White and David MillikenBritish banks are increasingly pledging higher-risk assets such as loans linked to high-interest store cards and vehicle leases as collateral at the Bank of England, a Reuters review of BoE filings shows.On August 18, banks pledged £1.9 billion wor…